Fitch Ratings has revised UAE-based port operator DP World’s (DP World’s) outlook to positive from stable and affirmed its long-term issuer default rating (IDR) at BBB-. Fitch has also affirmed DP World’s senior unsecured rating at BBB- and its short-term…
Tag: Dubai World
IMF says UAE economy strong, inflation rising, Dubai debts now $142bn
The Article IV consultation staff report on the UAE published on 3 July 2014 says the UAE economy is robust, its surpluses will continue but inflation could hit 5 per cent by the end of the decade. Dubai’s government debts are…